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Dynegy Swings to Profit

Dynegy Inc. swung to a first-quarter profit as year-earlier results were stung by write-downs, while power output was down across the board in the latest period.

"While our first-quarter results continued to be impacted by lower demand, we view the emerging economic recovery as a precursor to demand growth and potentially more favorable power pricing in the future," said Chairman and Chief Executive Bruce A. Williamson....